PSA: Samsung Pay is now compatible with all Mswipe PoS terminals in India - SamMobile

Terminal updated: May 10th, 2017 at 06:41 UTC+01:00

Samsung launched its mobile payment service Samsung Pay in Republic of india earlier this year, alee of Apple Pay and Android Pay. Autonomously from tying upwardly with some of the biggest banks and carte du jour companies in the country, Samsung as well added integrated 2 popular payment services – Paytm & UPI – into the Samsung Pay app. The service is compatible with American Limited, MasterCard, and VISA credit and debit cards in the country. Now, the company has announced that Samsung Pay works with all Mswipe PoS (Point of Sale) terminals across the country.

Mswipe, a PoS terminal company from India, has over 200,000 terminals across the land. These terminals are NFC enabled, and they tin now accept payments through Samsung Pay compatible smartphones. The adoption of NFC payments has been rather boring in India due to the lack of NFC-equipped PoS terminals. However, starting last twelvemonth, fiscal institutions like ICICI Bank, SBI, and Visa accept begun providing NFC-equipped terminals/cards in India. The Indian government is promoting a cashless economic system, providing further boost to Samsung Pay-like solutions.

"Payment applied science is evolving rapidly, and Samsung Pay is a keen instance of how innovation will continue to brand digital payment more convenient and desirable for customers. At Mswipe, nosotros take anticipated this and built terminals that are hereafter-set up so that our merchants can have payments seamlessly, even when at that place is a technology shift. By enabling Samsung Pay, we are offering lacs of users an option to make swift, secure and contactless digital payments at our terminals," Manish Patel, Founder and CEO, Mswipe, said in a statement.

Source: https://www.sammobile.com/2017/05/10/psa-samsung-pay-is-now-compatible-with-all-mswipe-pos-terminals-in-india/

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